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There are certain must-have status symbols for the rich and famous: yachts, private jets, mansions in the Hamptons — and now, apparently, car dealerships.
Warren Buffett became the latest billionaire to buy into the industry when his Berkshire Hathaway Inc’s acquisition of the Van Tuyl Group, the largest privately held dealership group in the United States, closed last week.

Warren Buffett’s Berkshire Hathaway Inc. exited a US$3.7 billion investment in Exxon Mobil Corp. amid a slump in oil prices.
Crude has fallen by about half since June as U.S. production surged and the Organization of Petroleum Exporting Countries resisted output cuts. The decline has ravaged oil company profits and forced major producers and drillers to slash spending and fire thousands of workers.

Submitted by Mike Krieger of Liberty Blitzkrieg blog, Warren Buffett epitomizes everything that is wrong with the global economy, and the U.S. economy specifically. He is the consummate crony capitalist, a brilliant yet conniving oligarch who intentionally plays on the gullibility of the masses to portray himself as one thing, when in reality he is something else entirely.

In an interview with CNBC on Monday, billionaire investor Warren Buffett explained why his investment company Berkshire Hathaway offloaded a multi-billion dollar stake in the multinational energy giant Exxon Mobil Corp (NYSE:XOM).
Mr. Buffet, Berkshire CEO said that he sold the Exxon stake because the fund “might have other uses for the money,” referring to potential acquisitions and share purchases.

By Kevin Quon:Warren Buffett is often considered as the most successful investor of the modern day. As a self-made billionaire, Buffett built up the company Berkshire Hathaway Inc (BRK.A) whose notable acquisitions included GEICO, Fruit of the Loom, and See's Candies to name a few.

By Zvi Bar:Warren Buffett made a big splash when he announced, on November 14, 2011, that Berkshire Hathaway (BRK.A) (BRK.B) acquired a large position in International Business Machines (IBM), totaling 57.3 million shares at the end of the third quarte

By Zvi Bar:Warren Buffett is considered one of the best long-term investors out there. His company, Berkshire Hathaway (BRK.B), is a holding company that holds several large positions in well-known American companies. Additionally, most of his publicly traded investments have above-average dividends and a history of growing them over time.

By James Duade:
Warren Buffett is widely considered to be one of greatest investors of all time. While some hedge fund managers may have a better year than him, very few if any can match his long term track record of outperforming the S&P 500 index (SPY) by a whopping 10.8% since 1965. For this reason Mr.